Daily Headlines: Tuesday, July 31, 2012

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July 31, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National What to Know About the New Flood Insurance Program If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat ... US Congressional Negotiators Reach Deal on New Iran Sanctions U.S. lawmakers moved a step closer to finalizing new sanctions aimed at further restricting Iran's oil revenues after negotiators from the ... 5 Ways How Not Using Coverage Checklists Benefits an Agency I've written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors ... Concord Specialty Risk Coverage Addresses New IRS Reporting Requirements Powered by InsuranceJournal.tv Managing General Underwriter Concord Specialty Risk, which specializes in reps and warranties insurance,... More National News East N.J. Regulator Conducts Financial Literacy Seminar for Senior Citizens New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski conducted a seminar last week with a group of ... Hundreds of Volunteers Still Helping Vermont Rebuild After Irene Nearly a year after flooding from Tropical Storm Irene devastated villages up and down Vermont's rivers, hundreds of volunteers are ... Md. Catholics Embark on 100-Mile Walk to Protest Birth Control Coverage A Roman Catholic priest from Hancock is leading parishioners on a 100-mile walk to Baltimore to protest an Obama administration policy ... More East News Midwest Early Storm Damage Tally for Ohio Reaches $29M Early reports tallying damage from June storms in Ohio at $29 million have several Ohio cities anxiously hoping for federal disaster ... Arthur J. Gallagher & Co. Acquires Grace/Mayer Insurance Agency Arthur J. Gallagher & Co. announced the acquisition of Grace/Mayer Insurance Agency Inc. in Omaha, Neb. Founded in 1917, Grace/Mayer ... Aon Adds 3 in Indianapolis Office Aon has expanded its Indianapolis, Ind., office with the addition of three professionals. Frank "Skip" Treco joined the office as ... More Midwest News Southeast Citizens Says No to Higher Rates on New Business; Approves 8.9 Percent Rate Hike Officials of Florida's state policyholders-backed insurer turned away from several controversial plans that would have raised rates on ... Facing Paltry Yields, Kentucky Farmers Hope Insurance Will Cover Costs Kentucky agriculture is reeling from a summertime one-two punch of blistering heat and dry conditions, and farmers are feeling the pain ... Georgia Regulators Recovered $4M for Consumers in First Half of 2012 Georgia Insurance Commissioner Ralph Hudgens' office announced that in the first six months of 2012, state regulators assisted 4,100 ... Eastern Alliance Insurance Group Names Gulf South Territory Executive Lancaster, Penn.-based Eastern Insurance Holdings Inc. has appointed Steven Weeks as regional business executive for the Gulf South ... More Southeast News South Central New Louisiana Insurance Laws Address Citizens, Proof of Insurance, DWIs In addition to suspending the 10 percent surcharge rule on property insurance provided by Louisiana's property insurer of last resort in ... Texas-Based CBIZ Stoltz Expands National Energy Practice Midland, Texas-based CBIZ Stoltz has added Mollye Hillman as an account manager and Richard Howard has joined the company as an account ... Oklahoma Drilling Firm Faces Fines for Safety Hazards at Texas Site An Oklahoma-based horizontal drilling company faces up to $55,000 in penalties for safety violations at a drilling site in Jacksboro, ... More South Central News West Insurance Company Sues Helena Diocese An insurance company says it didn't sell policies to the Helena-based Catholic Diocese of Montana and is not responsible for covering costs ... Jury Orders $187K In Damages In Hospital Lawsuit A jury has ruled that St. James Healthcare in Butte is liable for $187,500 in damages for negligence in the 2006 death of a 36-year-old ... New Mexico Pueblo Receives $11 Million in Flood Relief A New Mexico pueblo hit by flooding after a wildfire scorched the area is receiving $11 million in federal assistance. The grant from the ... Malpractice Claims At Alamogordo Hospital Settled About 80 malpractice claims that forced an Alamogordo hospital to seek bankruptcy court protection last summer have been settled for more ... Mercury Reports Net Loss From Increased Severity Mercury General Corp. on Monday reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los ... More West News International Geneva Association’s Fitzpatrick Warns against Mixing Bank and Insurance Regs After 39 years of gathering, collating and disseminating the facts and figures relevant to the global insurance industry the world's ... Earnings Reports: PartnerRe, Greenlight Re Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows:   ... Willis Opens New ‘Superyacht’ Office in Barcelona Willis Group Holdings announced the imminent opening of new Superyacht insurance brokerage office at the prestigious MB92 shipyard in ... More International News Insurance Journal Blogs Rate Reform Must Be Key to Shrinking Citizens Albert Einstein once said "a new type of thinking is essential if mankind is to survive and move toward higher levels." Or, as it often ... More Blogs Join the Insurance Journal Network Insurance Journal TV New PURE Program Provides Extra Flooding Services for High-Value Homeowners A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now... Watch Now Agency Capitalizes on Obamacare Shawn Pynes, principal with Barney & Barney, discusses the benefits business following... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums CPCU ?? Posted: Tue Jul 31 -- If you have experience in life issues, what is your goal? it is difficult to maintain an expertise is every line of insurance. I am... mccluney National Agents Alliance? Legit or Keep Away? Posted: Mon Jul 30 -- Dallas Viper should go to work for Farmers Ins. They sell the same load of c--p too. Since he believes in Fairy Tales he would fit right in... Presl70 Independent Agency Growth Rate Posted: Mon Jul 30 -- What would you say the average annual growth rate for your independent insurance agency is? I have read that between ten and twenty percent... WBF Track Your CSR's Daily Sales Activity Posted: Mon Jul 30 -- Please accept my apology in advance if I sound a bit skeptical. Just would like you to verify that you are an "honest-to-goodness" agency... jackwehoca painting contractor in Ca for Comp Posted: Mon Jul 30 -- Insured has been out of force for 45 days approximately. $100000 in payroll. Inside and outside painting class code 5482 No... trotter D&O for Non Profit Posted: Mon Jul 30 -- Do they have a website I can look at? I would have to see a submission to see exactly what their mission is .... Please forward a submission... ceccase AMS360 for accounting? Posted: Mon Jul 30 -- I found these two insurance journal articles to explain a lot about how accounting should function. Then maybe consider which systems can... Riskmaster Go to Forums Reader Comments Former Citigroup Chief Weill Surprises with Call for Break-Up of Big Banks Posted: Thu Jul 26 -- It really is pretty simple TM. These big boys knew the sentiment would be they were too big to fail and the government would come to their... Agent President Obama Declares Disaster for Virginia Storm Damage Posted: Mon Jul 30 -- Funny how Obama declares FEMA assistance to Florida for a small tropical storm, Now Virginia FEMA assistance! Whats next Ohio for a storm... Sarah California Court Reinstates Lawsuit Against Glock Posted: Fri Jul 27 -- Here's a basic formula for all gun owners to memorize: guns + kids = tragedy Ins Guy Obama Administration Says Federal Health Exchanges on Track for 2014 Posted: Mon Jul 30 -- The agenda is still in full swing despite the news that the majority of Americans still oppose it. In November, after we get a new... Agent Texting Driver in South Dakota Charged with Manslaughter Posted: Mon Jul 30 -- Sadly you can pass all of the laws you want but it will only stop the already law abiding, conscientious drivers from texting and talking on... LP Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 23, 2012 Excess, Surplus & Specialty Markets Directory Vol. II More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Marketing Representative Commercial Producers Territory Marketing Manager P/C Insurance Editor Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. 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